Metaplanet CEO rebuts critics over bitcoin strategy and transparency
Analysis
Price Impact
LowThe news focuses on metaplanet's ceo defending their long-term bitcoin accumulation strategy and transparency amidst price declines. while positive for metaplanet's corporate image and investor confidence in their specific stock (3350), it doesn't introduce a new catalyst significant enough to directly move bitcoin's price in the short term. the existing market context (btc down almost 50% from ath, traders buying crash protection) outweighs this company-specific defense for immediate btc price action.
Trustworthiness
HighThe ceo, simon gerovich, directly addresses critics and provides detailed explanations regarding the company's bitcoin strategy, transparency, and financial reporting. he takes public responsibility for statements and actions, which adds to the credibility.
Price Direction
NeutralMetaplanet's strategy of systematic bitcoin accumulation and monetizing volatility via options is inherently bullish for bitcoin in the long run. however, the immediate context of the article is a defense against criticism after a significant btc price drop. the ceo's comments clarify their existing long-term strategy rather than introducing new bullish catalysts that would impact btc's price in the short term. other news in the article points to cautious market sentiment ('traders pay for crash protection', 'average bitcoin etf investor now sits on a 20% paper loss').
Time Effect
LongThe core of metaplanet's defense is centered around their long-term, systematic accumulation strategy for bitcoin, explicitly stating it's 'not short-term trading'. this reinforces a long-term bullish outlook for btc, as more institutions adopt similar accumulation strategies.
Original Article:
Article Content:
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Metaplanet CEO rebuts critics over bitcoin strategy and transparency Simon Gerovich defends disclosure standards, options trading model, and hotel operations. By James Van Straten | Edited by Sam Reynolds Feb 20, 2026, 5:27 a.m. Make us preferred on Google Metaplanet CEO Simon Gerovich speaks at Bitcoin MENA (screenshot) What to know : Simon Gerovich defended Metaplanet’s transparency, options based Bitcoin strategy, and accounting approach. Gerovich said all Bitcoin purchases were disclosed in a timely manner, and maintained that criticism based on unrealized losses or market timing reflects a misreading of the company’s long term strategy. Simon Gerovich, CEO of Metaplanet (3350), has responded to online criticism of the Tokyo-listed bitcoin treasury company, as bitcoin is down almost 50% from its October all-time high and now trading near $67,000, while Metaplanet shares have fallen roughly 85% from their 2025 all-time high. Addressing anonymous critics , Gerovich said, "It's easy to hide behind anonymous accounts, criticize others, and incite outrage without taking any responsibility." Gerovich added, "I have no qualms about taking public responsibility for all my statements and Metaplanet's actions." STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . 匿名アカウントの裏に隠れて、何の責任も負うことなく他者を非難し、炎上させることは簡単です。しかし、私は自らの発言とメタプラネットの行動すべてに対して公の場で責任を負うことに何の抵抗もありません。そのため、寄せられている各主張に対して、直接お答えします。… https://t.co/e0ieMGq29N — Simon Gerovich (@gerovich) February 20, 2026 Metaplanet uses options, specifically selling put options and put spreads, to generate premium income and potentially acquire bitcoin below the prevailing market price. Defending this approach, Gerovich said, "Selling put options is not a bet on bitcoin's price rising." Gerovich explained that the strategy is designed to lower the company’s effective purchase cost and monetise volatility. On transparency, Gerovich said, "we are one of the most transparent listed companies in the world." Gerovich pointed to real-time wallet disclosure and repeated announcements of purchases, including those made in September. Gerovich also acknowledged market timing concerns, he said, "September marked a local peak. I have no intention of denying that." Gerovich stressed that the strategy is systematic accumulation, not short-term trading. Lastly, Gerovich responded to criticism of financial results, saying, "Net profit is not an appropriate metric for evaluating a bitcoin treasury company." Gerovich also rejected claims about the hotel division, stating the business is not in ruins and highlighting its profitability. Metaplanet shares trade at 307 yen, while the company holds 35,102 BTC. 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